Financial Data and Key Metrics Changes - Delek reported a net loss of $173 million or negative $2.78 per share for Q1 2025, with an adjusted net loss of $144 million or negative $2.32 per share and adjusted EBITDA of $26.5 million [19][20] - The increase in adjusted EBITDA was driven by a $42.2 million increase in refining due to a higher margin environment and sequentially higher throughputs [19] - Logistics segment delivered $117 million in adjusted EBITDA, a $9 million increase over the previous record [20] Business Line Data and Key Metrics Changes - Total throughput in Tyler was approximately 69,000 barrels per day with a production margin of $7.82 per barrel [13] - El Dorado's total throughput was approximately 76,000 barrels per day with a production margin of $3.83 per barrel [14] - Big Spring's throughput was approximately 59,000 barrels per day with a production margin of $4.86 per barrel [15] - Cross Springs achieved a record throughput of approximately 85,000 barrels per day with a production margin of $6.4 per barrel [16] Market Data and Key Metrics Changes - The refining margin environment was around $4 below mid-cycle, impacting overall performance [4] - Supply and marketing contributed a loss of $23.7 million, driven by seasonal low demand trends in wholesale marketing and asphalt [17] Company Strategy and Development Direction - The company is focused on a sum of the parts strategy and midstream deconsolidation, aiming to increase third-party cash flow at DKL to around 80% [7][8] - The Enterprise Optimization Plan (EOP) aims to improve cash flow by $120 million annually starting in the second half of 2025 [9] - The company is committed to a disciplined approach to capital allocation, including share buybacks and dividends [10] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the operational improvements and the potential for a cleaner runway into the summer driving season [6] - The company remains optimistic about the prospects for 2025 and beyond, particularly in light of the support for domestic energy production [11] Other Important Information - The company paid $16 million in dividends and repurchased $32 million of its shares during the quarter [9] - The company expects operating expenses for Q2 2025 to be between $215 million and $225 million, reflecting higher throughput [22] Q&A Session Summary Question: Discussion on DKL and full year EBITDA guidance - Management reiterated guidance for DKL, highlighting strong positions in both Midland and Delaware areas, with expectations for high volumes [28] Question: Capital returns strategy and sustainability of dividend yield - Management emphasized a focus on free cash flow and a balanced approach between buybacks and dividends, indicating confidence in share price value [31][35] Question: Supply and marketing improvements in Q2 - Management noted strong demand and positive trends in RAC, with expectations for further improvements in wholesale marketing and asphalt categories [40][41] Question: Dynamics in the Southwest market - Management reported strong cracks in the Southwest, particularly in Arizona markets, countering concerns about sluggish starts [44] Question: Small refinery exemptions (SREs) - Management confirmed that SREs would be pursued retroactively from 2019, with optimism about receiving support from the EPA [49][52] Question: Opportunities for upside beyond EOP targets - Management acknowledged potential for upside beyond the $120 million target, with ongoing focus on operational improvements [57] Question: Intercompany transactions and their impact - Management clarified that recent intercompany transactions are aimed at optimizing asset allocation and enhancing deconsolidation efforts [71][72] Question: Operational expenditure guidance - Management explained that increased OpEx guidance is primarily due to the addition of a new natural gas plant, with expectations for further improvements in the second half of the year [92][93]

Exhibit 99.1 Delek Logistics Reports Record First Quarter 2025 Results BRENTWOOD, Tenn., May 7, 2025 -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the first quarter 2025. "Delek Logistics started 2025 on a strong note enhancing our position as a premier midstream provider in the Permian basin. We provide the best combination of yield and growth in the midstream sector with a long runway of growth driven by its advantageous position in the Midland a ...

Group 1 - The company, Henriot Capital, emphasizes a quant-driven investment approach that prioritizes simplicity and common sense for success [1] - The investment strategy is characterized by a motto of "invest first, investigate later," indicating a reliance on model recommendations without human bias [1] - The firm aims to build a hedge fund with a clear purpose and disciplined focus, seeking consistent alpha through data-driven decisions [1]

Core Insights - Tomas Riba is an economist and former CFO focused on investing in high-quality companies that can compound cash flow over the long term [1] - His investment strategy emphasizes companies with strong competitive advantages, operating in growing industries, expanding margins, low debt, and aligned management [1] Background and Experience - Tomas Riba began his journey in financial markets at a young age and has been investing since 2007 [1] - He has a background in accounting and has served as CFO for a holding company involved in various sectors including pharma, medical devices, textiles, food, and real estate [1] - Currently, he teaches courses on "Derivatives for risk management" and "Investment analysis" at a Master's Degree program in Financial Management [1]

One stock that might be an intriguing choice for investors right now is Delek Logistics Partners, LP (DKL) . This is because this security in the Oil and Gas - Production Pipeline - MLB space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arg ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Delek Logistics Partners, L.P. (DKL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Delek Logistics Partners, L.P. is a member of our Oils-Ener ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35721 DELEK LOGISTICS PARTNERS, LP (Exact name of registrant as specified in its charter) Delaware 45-5379027 (State or other jurisdi ...

Financial Data and Key Metrics Changes - In Q4 2024, the company reported a net loss of $414 million, equating to a negative $6.55 per share, with an adjusted net loss of $161 million or negative $2.54 per share [30] - Adjusted EBITDA for the quarter was a loss of $23 million, primarily due to a decrease in refining contributions, which fell by $80 million compared to Q3 2024 [31][32] - Cash flow from operations was a use of $164 million, influenced by a net loss and a $71 million outflow related to working capital movements [33] Business Line Data and Key Metrics Changes - The logistics segment delivered $107 million in adjusted EBITDA, continuing its strong performance despite challenges in the refining segment [32] - Total throughput in Tyler for Q4 was approximately 66,000 barrels per day, with a production margin of $6.66 per barrel [19] - In El Dorado, total throughput was approximately 77,000 barrels per day, with a production margin of $0.56 per barrel [20] Market Data and Key Metrics Changes - The refining margin environment was reported to be around $6 below mid-cycle in Q4 2024, indicating a challenging market [3] - The company noted that supply and marketing contributed a loss of $34.6 million in Q4, driven by seasonal low demand trends [27] Company Strategy and Development Direction - The company is focused on improving operational performance and profitability through initiatives like the zero-based budget program, which saved around $100 million [12] - A significant part of the strategy includes the economic separation from Delek Logistics, with plans to deconsolidate and enhance shareholder value [11][49] - The company is also pursuing growth in the Permian Basin and expanding its midstream capabilities [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the successful turnaround at KSR and improved reliability at Big Spring [5][6] - The company anticipates no major turnarounds in 2025, expecting continued operational improvements [6] - Management is optimistic about the potential for regulatory relief regarding small refinery exemptions following a recent court ruling [15][16] Other Important Information - The company completed a major asset sale for $1.49 billion, which has allowed it to progress in a tough refining environment [7] - The company is committed to a disciplined approach to capital allocation, having paid $16 million in dividends and repurchased $22 million of its shares during the quarter [14] Q&A Session Summary Question: What more can be done to make El Dorado a competitive asset? - Management highlighted that El Dorado is a focus area, with efforts to improve product mix and process efficiency, aiming for better performance [42][44] Question: Is the strategy to look for smaller deals while growing DKL EBITDA? - Management confirmed that deconsolidation is ongoing, with a focus on growing third-party EBITDA and enhancing value for both DK and DKL [46][49] Question: Can you explain the supply and marketing dynamics in Q4? - Management noted that seasonal demand weakness impacted performance, but there was an improvement compared to the previous quarter [60][62] Question: What factors are influencing the OpEx guidance for Q1? - Management identified several factors, including the acquisition of Gravity Water Midstream and planned maintenance, affecting the OpEx guidance [72][74] Question: What is the timeline for the DKL unit repurchase program? - Management indicated that the buyback program is set until 2026, aimed at benefiting both companies and enhancing free cash flow [95][96]

Delek Logistics Partners, LP Common Units (NYSE:DKL) Q4 2024 Earnings Conference Call February 25, 2025 12:30 PM ET Company Participants Robert Wright - Deputy CFO Avigal Soreq - President Reuven Spiegel - EVP Mark Cox - EVP Conference Call Participants Doug Irwin - Citi Neal Dingmann - Truist Securities Operator Today's presentation material can be found on the Investor Relations section of the Delek US website. Slide two contains our Safe Harbor statement regarding forward-looking comments. Any forward-lo ...

Financial Data and Key Metrics Changes - The company reported approximately $107 million in quarterly adjusted EBITDA for Q4 2024, an increase from $100.9 million in the same period of 2023, representing a growth of about 1.1% [4][11] - Distributable cash flow (DCF) as adjusted was $69.5 million, with a DCF coverage ratio of approximately 1.2 times, expected to return to a long-term objective of 1.3 times in the second half of 2025 [11] - The company initiated a strong 2025 EBITDA guidance of $480 million to $520 million, indicating around 20% growth over 2024 adjusted EBITDA [8] Business Line Data and Key Metrics Changes - Gathering and Processing segment adjusted EBITDA for Q4 was $66 million, up from $53.3 million in Q4 2023, primarily due to higher throughput from Permian Basin assets and contributions from H2O Midstream [11][12] - Wholesale marketing and tourmaline adjusted EBITDA decreased to $21.2 million from $28.4 million in the prior year, attributed to lower wholesale margins and intercompany transaction impacts [12] - Storage and transportation adjusted EBITDA increased slightly to $17.8 million from $17.5 million in Q4 2023, driven by higher storage and transportation rates [12] - Investments in Pipeline Joint Ventures contributed $11.3 million this quarter, compared to $8.5 million in Q4 2023, mainly due to contributions from the Wink to Webster drop down [13] Market Data and Key Metrics Changes - The company is focusing on becoming a premier full-service provider in the Pearland Basin and has made significant acquisitions in the Midland Basin, enhancing its competitive position [4][6] - The expansion of the processing plant in the Delaware Basin is on track to complete on time and on budget in the first half of 2025, indicating strong market demand [6][7] Company Strategy and Development Direction - The company aims to enhance its economic separation from its sponsor, DK, and has authorized a $150 million buyback program to increase value for DKL unitholders [8][9] - The company is committed to prudent management of leverage and coverage while pursuing organic growth projects [10][11] - The strategic focus includes expanding offerings in crude, natural gas, and water services, which has proven beneficial in the Delaware Basin [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the guidance provided, highlighting the importance of economic separation from DK to fulfill DKL's potential [18][21] - The management noted strong demand for assets in the Delaware area and emphasized the comprehensive offering of services as a competitive advantage [32][33] Other Important Information - The capital program for Q4 was $49.4 million, with $42.1 million allocated to the new gas processing plant and the remainder for growth projects [13][14] - The company expects to spend approximately $75 million on completing the Libby processing plant expansion and $160 million on growth and maintenance projects in 2025 [14] Q&A Session Summary Question: Inquiry about EBITDA guidance and factors influencing high and low ends - Management acknowledged the conservative nature of the guidance and emphasized the company's growth trajectory and economic separation efforts [17][18] Question: Follow-up on the buyback program execution and funding - Management indicated that the buyback program is a two-year initiative, with funding potentially coming from free cash flow or debt, depending on market conditions [20][23] Question: Request for additional drivers behind EBITDA upside potential - Management highlighted several completed transactions and synergies from recent acquisitions as key drivers for the expected EBITDA growth [29][30] Question: Inquiry about demand and utilization of key assets - Management confirmed strong demand in the Delaware area and the strategic decision to expand assets based on this demand [32][33]